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    Profit after one year

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    Using Microsoft Excel, calculate the total amount you will receive in a year if you invest $1,000 now (assuming the interest rate is 8% per annum) at:

    a. yearly compounding
    b. semiannually compounding
    c. quarterly compounding
    d. daily compounding

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    Solution Summary

    This solution calculates the profit after a year of investing based on different compounding periods.